{"id":23795,"date":"2025-09-04T10:12:14","date_gmt":"2025-09-04T10:12:14","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=23795"},"modified":"2025-09-04T10:12:14","modified_gmt":"2025-09-04T10:12:14","slug":"oil-prices-dip-on-speculation-of-higher-opec-output","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/en-eu\/analysis\/oil-prices-dip-on-speculation-of-higher-opec-output\/","title":{"rendered":"Oil prices dip on speculation of higher OPEC+ output"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"536\" src=\"https:\/\/www.vtmarkets.com\/en-eu\/wp-content\/uploads\/sites\/33\/2025\/09\/13-1-1024x536.png\" alt=\"\" class=\"wp-image-23797\" srcset=\"https:\/\/www.vtmarkets.com\/en-eu\/wp-content\/uploads\/sites\/33\/2025\/09\/13-1-1024x536.png 1024w, https:\/\/www.vtmarkets.com\/en-eu\/wp-content\/uploads\/sites\/33\/2025\/09\/13-1-300x157.png 300w, https:\/\/www.vtmarkets.com\/en-eu\/wp-content\/uploads\/sites\/33\/2025\/09\/13-1-768x402.png 768w, https:\/\/www.vtmarkets.com\/en-eu\/wp-content\/uploads\/sites\/33\/2025\/09\/13-1-500x262.png 500w, https:\/\/www.vtmarkets.com\/en-eu\/wp-content\/uploads\/sites\/33\/2025\/09\/13-1-400x209.png 400w, https:\/\/www.vtmarkets.com\/en-eu\/wp-content\/uploads\/sites\/33\/2025\/09\/13-1-350x183.png 350w, https:\/\/www.vtmarkets.com\/en-eu\/wp-content\/uploads\/sites\/33\/2025\/09\/13-1-200x105.png 200w, https:\/\/www.vtmarkets.com\/en-eu\/wp-content\/uploads\/sites\/33\/2025\/09\/13-1.png 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<p>Oil markets remain caught between supply uncertainty and demand signals, leaving traders on alert for the next move. Speculation around OPEC+ production policy, upcoming US stockpile data, and shifting global consumption trends are all shaping sentiment, keeping volatility alive and market direction unclear.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\"><strong>Traders on edge ahead of OPEC+ talks<\/strong><\/h2>\n\n\n\n<p>Oil prices moved lower in Thursday\u2019s early trading session as market participants positioned cautiously before the upcoming OPEC+ policy meeting.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Exclusive: OPEC+ to consider further oil output hike on Sunday, sources say <a href=\"https:\/\/t.co\/mgibGC5hKr\">https:\/\/t.co\/mgibGC5hKr<\/a> <a href=\"https:\/\/t.co\/mgibGC5hKr\">https:\/\/t.co\/mgibGC5hKr<\/a><\/p>&mdash; Reuters (@Reuters) <a href=\"https:\/\/twitter.com\/Reuters\/status\/1963297237510832247?ref_src=twsrc%5Etfw\">September 3, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<p>West Texas Intermediate (WTI) slipped 1.0% to $63.32 per barrel, while Brent crude dropped 0.9% to $66.96, wiping out the previous day\u2019s gains.<\/p>\n\n\n\n<p>The pullback followed a Reuters report indicating that the group could weigh further production increases. Even without an official decision, the possibility of more barrels hitting the market unsettled traders.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Oil prices extend losses as OPEC+ considers another output hike <a href=\"https:\/\/t.co\/xWBDlcaowz\">https:\/\/t.co\/xWBDlcaowz<\/a> <a href=\"https:\/\/t.co\/xWBDlcaowz\">https:\/\/t.co\/xWBDlcaowz<\/a><\/p>&mdash; Reuters (@Reuters) <a href=\"https:\/\/twitter.com\/Reuters\/status\/1963492278141423844?ref_src=twsrc%5Etfw\">September 4, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<p>Uncertainty remains high, particularly with the US Energy Information Administration (EIA) due to release its weekly stockpile data later today. Investors are keen to see whether demand from the world\u2019s top oil consumer can offset the renewed supply-side risk.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\"><strong>Technical analysis<\/strong><\/h2>\n\n\n\n<p>Crude oil (CL-OIL) is trading at $63.26, down 0.75% on the session, and consolidating after a volatile year. In April 2025, prices dipped as low as $55.11 before surging to $77.90 in July.<\/p>\n\n\n\n<p>Since then, the market has traded in a broad range, with the 30-day moving average flattening and shorter-term averages (5 and 10) struggling to maintain upward momentum \u2013 signalling hesitation.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"449\" src=\"https:\/\/www.vtmarkets.com\/en-eu\/wp-content\/uploads\/sites\/33\/2025\/09\/image-5-1024x449-1.jpeg\" alt=\"\" class=\"wp-image-23796\" srcset=\"https:\/\/www.vtmarkets.com\/en-eu\/wp-content\/uploads\/sites\/33\/2025\/09\/image-5-1024x449-1.jpeg 1024w, https:\/\/www.vtmarkets.com\/en-eu\/wp-content\/uploads\/sites\/33\/2025\/09\/image-5-1024x449-1-300x132.jpeg 300w, https:\/\/www.vtmarkets.com\/en-eu\/wp-content\/uploads\/sites\/33\/2025\/09\/image-5-1024x449-1-768x337.jpeg 768w, https:\/\/www.vtmarkets.com\/en-eu\/wp-content\/uploads\/sites\/33\/2025\/09\/image-5-1024x449-1-500x219.jpeg 500w, https:\/\/www.vtmarkets.com\/en-eu\/wp-content\/uploads\/sites\/33\/2025\/09\/image-5-1024x449-1-400x175.jpeg 400w, https:\/\/www.vtmarkets.com\/en-eu\/wp-content\/uploads\/sites\/33\/2025\/09\/image-5-1024x449-1-350x153.jpeg 350w, https:\/\/www.vtmarkets.com\/en-eu\/wp-content\/uploads\/sites\/33\/2025\/09\/image-5-1024x449-1-200x88.jpeg 200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Picture: CL-OIL-ECN trades at 63.263, down 0.75% from its recent level as shown on the <a href=\"https:\/\/apps.apple.com\/au\/app\/vt-markets-online-trading\/id1372647263\" target=\"_blank\" rel=\"noopener\" title=\"VT Markets app\">VT Markets app<\/a>.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>The MACD shows a mild bullish crossover but remains close to neutral, pointing to limited strength. Key support is placed at $60, with a deeper cushion at $55, while resistance levels stand at $67 and $72.<\/p>\n\n\n\n<p>A sustained breakout above $67 could unlock fresh bullish momentum, whereas a decline below $60 would increase the risk of revisiting the yearly low.<\/p>\n\n\n\n<p>In the short run, prices are expected to remain range-bound, with traders monitoring OPEC+ supply decisions, US inventory data, and broader demand recovery trends.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\"><strong>Cautious forecast<\/strong><\/h2>\n\n\n\n<p>Unless OPEC+ steps in to temper supply expectations, crude oil may remain under pressure as the week draws to a close.<\/p>\n\n\n\n<p>A bearish EIA report showing another surprise build in US stockpiles could pull WTI closer to the $60 handle, amplifying downside risks.<\/p>\n\n\n\n<p>On the other hand, a bullish or dovish report indicating stronger demand could provide a temporary rebound \u2013 but traders may treat any recovery with caution given the looming policy risks.<\/p>\n\n\n\n<p>Beyond the immediate data releases, sentiment will continue to hinge on <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-07-09\/opec-bars-five-leading-news-organizations-from-oil-conference\" target=\"_blank\" rel=\"noopener nofollow\" title=\"OPEC+ strategy in Vienna\">OPEC+ strategy in Vienna<\/a>, as well as global demand signals from key importers such as China and India.<\/p>\n\n\n\n<p>Currency fluctuations, geopolitical headlines, and broader risk sentiment in financial markets could also influence price direction. For now, the oil market appears locked in a fragile balance, vulnerable to both policy shifts and macroeconomic surprises.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>Click <a href=\"https:\/\/www.vtmarkets.net\/trade-now\/?utm_campaign=account_c&amp;utm_source=dma&amp;utm_medium=website\" target=\"_blank\" rel=\"noopener\" title=\"here\">here<\/a> to open account and start trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil markets remain caught between supply uncertainty and demand signals, leaving traders on alert for the next move. Speculation around OPEC+ production policy, upcoming US stockpile data, and shifting global consumption trends are all shaping sentiment, keeping volatility alive and market direction unclear. Traders on edge ahead of OPEC+ talks Oil prices moved lower in <a href=\"https:\/\/www.vtmarkets.com\/en-eu\/analysis\/oil-prices-dip-on-speculation-of-higher-opec-output\/\" class=\"read-more\">Continue Reading<\/a><\/p>\n","protected":false},"author":5,"featured_media":23797,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[37],"tags":[],"class_list":["post-23795","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/en-eu\/wp-json\/wp\/v2\/posts\/23795","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/en-eu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/en-eu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-eu\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-eu\/wp-json\/wp\/v2\/comments?post=23795"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-eu\/wp-json\/wp\/v2\/posts\/23795\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-eu\/wp-json\/wp\/v2\/media\/23797"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-eu\/wp-json\/wp\/v2\/media?parent=23795"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-eu\/wp-json\/wp\/v2\/categories?post=23795"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-eu\/wp-json\/wp\/v2\/tags?post=23795"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}